Intech Investment Management LLC Sells 30,805 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Intech Investment Management LLC cut its stake in Nutanix, Inc. (NASDAQ:NTNX) by 50.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,881 shares of the technology company’s stock after selling 30,805 shares during the quarter. Intech Investment Management LLC’s holdings in Nutanix were worth $1,770,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of Nutanix by 48.7% during the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after purchasing an additional 24,918 shares in the last quarter. Diversified Trust Co lifted its position in Nutanix by 46.7% during the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after buying an additional 11,668 shares during the period. Versor Investments LP boosted its holdings in shares of Nutanix by 211.7% during the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after buying an additional 22,652 shares in the last quarter. Marshall Wace LLP grew its position in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after buying an additional 477,838 shares during the period. Finally, Resolute Capital Asset Partners LLC bought a new position in shares of Nutanix in the 2nd quarter worth about $2,274,000. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $72.80 on Tuesday. The business has a 50-day simple moving average of $64.17 and a two-hundred day simple moving average of $59.32. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of -140.00, a price-to-earnings-growth ratio of 12.11 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $75.80.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The company had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. As a group, research analysts predict that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 11,950 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NTNX. Bank of America upped their price objective on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Royal Bank of Canada upped their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Northland Securities increased their target price on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Finally, Piper Sandler raised their price target on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $73.86.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.